FII bought 16.3 K contract of Index Future worth 1387 cores, Net OI has decreased by 6.3 K contract 5 K Long contract were added by FII and 11.3 K Shorts were covered by FII. Net FII Long Short ratio at 0.98 so FII used fall to enter long and exit short in Index Futures.
As discussed in last analysis Now we have another important bayers rules as discussed in below video and also Sun Ingress combined with gann date suggesting another big move will be seen. For Swing Traders Bulls need to move above 17261 for a move towards 17329/17394/17495. Bears will have chance below 17133 for a move towards 17067/17000/16920. All Bearish target done, we have seen impact of gann date with Astro date. Today was the important gann date as shown below and we have touched the gann angle suggesting we might has done price time squaring, and can see relief rally till we are holding 16824. Bulls need to move above 17012 for a move towards 17078/17144/17209/17275. Bears will get active below 16947 for a move towards 16881/16815/16749.
Intraday time for reversal can be at 9:15/9:45/10:29/1:37/2:47 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17100 PCR at 0.84 , Rollover cost @17418 closed below it. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Nifty April Future Open Interest Volume is at 0.96 Cores with liquidation of 2.39 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.
The Option Table data indicates decent support at 16900 and reasonable resistance at 17300 . There is total OI of 9.06 Cores on the Call side and 4.77 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.
FII’s sold 5871 cores and DII’s bought 3980 cores in cash segment.INR closed at 76.23.
06 April was Mars and Saturn Aspect ,High of 18095 and 17921 is valid for whole year Mark in on your charts and take trade on break of High and Low.
17261 is next important level to watch out for 200-300 points move. —High made on Friday 17275 and we got our 300 points move.
Retailers have bought 293 K CE contracts and 255 K CE contracts were shorted by them on Put Side Retailers sold 64.4 K PE contracts and 34 K shorted PE contracts were covered by them suggesting having BULLISH outlook,On Flip Side FII bought 52.5 K CE contracts and 36.1 K CE were shorted by them, On Put side FII’s bought 25.4 K PE and 22.1 K PE were shorted by them suggesting they have a turned to Bearish Bias.
“The Market Doesn’t Give a Damn What You Think, about your economic or political views. Trade what the market is doing, not what you’d like it to do in your wildest fantasies.”
For Positional Traders Stay long till we are holding Trend Change Level 17664 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 17144 will act as a Intraday Trend Change Level.